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Philippine foreign investment net inflows fall to 10-month low in March

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Foreign direct investments (FDI) into the Philippines declined to a 10-month low in March due to investor concerns on the global economic recovery outlook, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

Data released by the central bank showed that FDI net inflows stood at $727 million in March, 9.8% lower than the $806 million recorded in the same month last year and the $893 million recorded in February.

FDI is a cross-border investment of an overseas resident having control or a significant degree of influence on the management of an enterprise that resides in the Philippines. Inflows for the month stemmed mostly from non-residents’ net investments in debt instruments of local affiliates, which grew by 45.1% to $543 million from $374 million last year.

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